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“Berkshire shares slip after hitting all-time high on big profit gain”

“…Berkshire’s Class A shares last fell by 2.2%. Earlier in the session, the stock reached an all-time intraday high of $647,039, according to FactSet data. The shares settled at $615,356. Meanwhile, Class B shares declined by 1.9%. At one point, the stock hit an intraday record high of $430. It closed down at $409.14.

Berkshire on Saturday posted fourth-quarter operating earnings of $8.481 billion, about 28% higher than the $6.625 billion from the year-ago period, driven by big gains in its insurance business. Operating earnings refers to profit from businesses across insurance, railroads and utilities…”

https://www.cnbc.com/2024/02/26/berkshire-shares-jump-after-big-profit-gain-as-buffetts-conglomerate-nears-1-trillion-valuation.html

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